Deere & Company $DE Shares Sold by Baer Investment Advisory LLC

Baer Investment Advisory LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,213 shares of the industrial products company’s stock after selling 133 shares during the quarter. Deere & Company comprises approximately 5.0% of Baer Investment Advisory LLC’s portfolio, making the stock its 9th largest holding. Baer Investment Advisory LLC’s holdings in Deere & Company were worth $3,499,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DE. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company during the second quarter worth approximately $25,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Deere & Company during the second quarter worth approximately $38,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. Oppenheimer decreased their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Truist Financial raised their price objective on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Zacks Research lowered shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada started coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Trading Up 0.8%

NYSE:DE opened at $473.01 on Monday. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The firm has a market cap of $127.87 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.04 and a beta of 1.02. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company’s 50 day moving average is $469.88 and its 200-day moving average is $489.27.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the firm posted $6.29 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.